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All Forum Posts by: Ryan Kanaley

Ryan Kanaley has started 1 posts and replied 6 times.

Quote from @Breeya Johnson:
Quote from @Ryan Kanaley:

I’m looking in Tucson currently and I’ve always got my eye out in Flagstaff (where I live) but they are few and far between. When they pop up in Flagstaff they are usually $1 million or more. 


 I love that Ryan! I have not looked into the market. What is drawing your eye to Flagstaff besides the bonus of already living there. 

It’s mostly because I’ve lived here for 20 years or so and I’ve never seen a bad time to buy here in Flag. Even in 2008 home prices slightly dipped about 16% or so for a short time.  Vegas is only 3 hours away and their market was down like 70%! Apart from it being an awesome town, we are also land locked by the Navajo reservation and national parks. The one downside is the ratio between salaries and the housing market. People just don’t make a ton of money here. I think the median household income is like 68k. I’m currently selling my main house and wanted to house hack but the only multi family properties coming on the market are like $1.2 million for a duplex and it just doesn’t math :/ 

Home prices here have always seemed to be higher than most areas. In fact, Flagstaff is affectionately called “poverty with a view” because it’s expensive and super pretty but the main industries are basically just NAU and tourism. Beyond real estate it’s definitely worth checking out. Chances are if you’ve ever been to the Grand Canyon you’ve driven through it. 

Post: Growth Markets in 2025 - Where are you investing?

Ryan KanaleyPosted
  • Investor
  • Flagstaff
  • Posts 6
  • Votes 3

I’m looking in Tucson currently and I’ve always got my eye out in Flagstaff (where I live) but they are few and far between. When they pop up in Flagstaff they are usually $1 million or more. 

Post: Contract with general contractor on house flip

Ryan KanaleyPosted
  • Investor
  • Flagstaff
  • Posts 6
  • Votes 3

I live in Flagstaff and work for a local contractor. I’d be happy to ask the owner for a contract template or put you in touch with him if you’d like. I do marketing so I don’t have any direct advice for your question, but I figured I’d offer the little bit of help at my disposal. 

Post: How effective can MTR be with small multifamily properties?

Ryan KanaleyPosted
  • Investor
  • Flagstaff
  • Posts 6
  • Votes 3
Quote from @James Hwang:

Thanks @Jonathan Greene! You're 100% correct, as always.

@Travis Boyd, 19 of my MTRs are in multifamily properties. No issues with MTRs in duplexes, triplexes, and quads. Also no real issues with our 5 arbitrages in an apartment complex. It's easier to scale with multifamily properties due to income potential and operations. I really like having multiple opportunities to make income from 1 property, including a worst scenario of converting all the units to LTR. If 1 tenant isn't paying rent, at least another tenant will. Being able to shuffle leads from MTR to MTR is a huge bonus and you can benefit from the economies of scale faster. 

Operationally, it's easier in multifamily and you'll have cost-saving opportunities as well when it comes to certain expenses. If you're scaling your rental portfolio, you have to scale your operations as well.

Having said that, I have friends who only have single family MTR homes and do extremely well at scale. It takes more effort and there's more risk involved (therefor more reward), but it just depends on your goals and how you want to get there.

As far as focusing on areas with high demand for travel nurses, that's just 1 tenant-type of many in a changing landscape. Many of the level 1 trauma centers will likely have a need for travel nurses, but the need for travel healthcare professionals in hospitals changes based on many factors: temporary shortage of staff in a particular unit, budget, patient census, conversion to per diem instead of travel contracts, etc. You can find some absolute MTR gems near smaller hospitals that aren't so obvious but ultimately, housing supply in the area is something I'd say is more important coupled with your amenities. One of our MTRs is in an area with extremely low supply that we've had a waiting list for it one summer. That unit with the waitlist is the only pet-friendly home (duplex) with a fully fenced-in yard accepting more than 1 pet, including larger animals. 

I can go way deeper into finding good MTR markets, pursing tenants other than travel nurses, property types, scaling operations through systems (my specialty), renovations, etc but it's much harder to do in a thread. Shoot me a DM - I'm happy to chat, although BP is kind of wonky for me, especially on mobile. I also also co-host a weekly Zoom Q&A on MTRs called MTR Office Hours in a Skool Community.

 @James Hwang what’s the link to your Skool meeting? Your strategy is exactly what I’m attempting to do in Tucson. I have one single family near a hospital and am in the market for my first multi family. 

Well, who do I have to talk to, to buy land to either build or get an MFH before it’s complete? 

Post: I have a question about the market finder tool

Ryan KanaleyPosted
  • Investor
  • Flagstaff
  • Posts 6
  • Votes 3

Hey there, I'm new here and was checking out the "find markets" section. As an army veteran, I was SO shocked to see that city on there. I was just curious if anybody here has any personal feedback on investing in that area and can shed some light (other than numbers) on why that place would be worthwhile.

I apologize in advance to anybody who lives there and loves it. I spent a year in Fort Sill, and I don't think I could name one redeeming quality about Lawton other than houses are cheap. Among many other reasons, I can think of at least three times someone tried to fight me, leaving a gas station or a restaurant there. It just felt like that whole place was filled with military and people who had the army and worked in some sort of service industry to serve the military. I hated it so much that when they offered to keep me in my unit (which meant no chance of going to Iraq or Afghanistan), I turned it down and chose the combat zone options instead. 

I seriously am not just making a post to crap on Lawton, and my experience was over a decade ago, but I just picked up a client from Oklahoma today that said: "Yikes, sorry you got Fort Sill, Lawton is the armpit of this state."Which sparked this post, actually. It's probably because I'm new, but I thought staying away from places with only one industry, high crime, and low income was the rule of thumb.

What am I missing?